Why Community Health Systems Is Trading Higher Today

Community Health Systems CYH shares are trading higher on Wednesday after the company reported third-quarter EPS of 18 cents and better-than-expected third-quarter sales results.

Community Health Systems is the largest publicly owned hospital operator in the United States. The company owns or leases over 100 general acute-care hospitals located in nonurban and urban markets. The company also owns four home health agencies and provides management and consulting services to independent hospitals. The firm derives revenue through a broad range of general and specialized hospital healthcare services and outpatient services.

Community Health Systems shares traded up 29.38% to $5.68 on Wednesday at the time of publication. The stock has a 52-week high of $7.47 and a 52-week low of $2.25.